A. O. Smith Corporation Buyback
OLI recorded this information on 6/3/2019
Company:
A. O. Smith Corporation
Buyback:
AOS buyback
$Amount Authorized:
$300,000,000
Buyback Details:
On June 2, 2019, the Board of Directors of A. O. Smith Corporation (NYSE-AOS) approved adding 3,000,000 shares of common stock to an existing discretionary share repurchase authority. Including the additional shares, the Company has 7,550,753 shares remaining on the board share repurchase authority. The Company increased the amount of its 2019 planned Rule 10b5-1 automatic trading plan and opportunistic share repurchase program from its previously stated $200 million to $300 million, depending on factors such as stock price, working capital requirements and alternative investment opportunities.
A. O. Smith Corporation applies technologies and solutions to products manufactured and marketed worldwide. Co. operates through two segments: North America and Rest of World. Both the segments manufacture and market a comprehensive line of residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products. Its Rest of World segment is primarily comprised of China, Europe, and India. The North America segment serves residential and commercial end markets with a range of products, including water heaters, boilers, water treatment products, and other.
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Avg. Broker Rec.
  
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Hold (2.18 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: AOS Stock Forecast Based on Zacks ABR data; powered by Xignite |
